Newmark Expands Intermountain West Reach Through Alliance with Mountain West Commercial Real Estate
Newmark Group, Inc. has deepened its footprint across Utah, Idaho, Wyoming, Montana, and Nevada through a strategic alliance with Mountain West Commercial Real Estate, which will now operate as Newmark Mountain West, an independently owned and operated member of the Newmark Licensee Group.
Since early 2022, the combined operations have executed over 5,000 transactions spanning five countries and 39 U.S. states, totaling more than $9.3 billion in deal volume. The alliance brings together nearly 200 employees and a network of offices in key regional hubs, including Salt Lake City, Ogden, Clearfield, Pleasant Grove, and St. George in Utah; Idaho Falls in Idaho; and Reno and Las Vegas in Nevada.
“By combining Mountain West’s regional expertise with Newmark’s expansive resources and global platform, we’re creating even greater value for our clients—today and into the future,” said Lou Alvarado, COO of Newmark.
Chad Moore, Chair of Newmark Mountain West, emphasized the forward-looking nature of the partnership, noting that the combined entity is “building a next-generation commercial real estate business—one that’s agile, data-driven and designed to meet the evolving needs of our clients across the Intermountain West and beyond.”
Notable transactions by Newmark Mountain West broker-advisors include the $370 million sale of an Amazon industrial portfolio spanning the western U.S., a 270,000-square-foot industrial lease in Layton, Utah, and the $91.5 million sale of the Marriott Courtyard hotel in downtown Salt Lake City.
Pictured left to right: Chad Moore, Kyle Roberts, Nick Wood.